Solar Panel Cost Guide in Bedford, TX (2024 Update)
- Bedford Solar Installation Cost: $17,834
- 25-Year Savings: $22,781
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Bedford
Find out what the average cost of solar panel installation is in Bedford.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bedford, the average cost of solar panels is 3 per watt.Using this figure, a typical 7.7-kW system would cost about $17,834 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Bedford based on a few factors, such as the brand of solar panels you choose and the solar company you hire.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Bedford see about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar company in Bedford for a customized estimate.
Solar savings over time in Bedford
| Year | Return on Investment |
|---|---|
| 1 years | $-15,969 |
| 3 years | $-12,238 |
| 5 years | $-8,508 |
| 7 years | $-4,777 |
| 9 years | $-1,046 |
| 11 years | $2,684 |
| 13 years | $6,415 |
| 15 years | $10,146 |
| 17 years | $13,876 |
| 19 years | $17,607 |
| 21 years | $21,338 |
| 23 years | $25,068 |
| 25 years | $28,799 |
Top Solar Installers in Bedford
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be challenging. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Bedford
Factors that Affect Solar Panel Costs in Bedford
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Bedford: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,330. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Bedford average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $14,618 | 12.5 years |
| 8 kW | $3.40 | $19,021 | $19,863 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,295 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $30,914 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,719 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,710 | 11.3 years |
| 18 kW | $3.06 | $38,601 | $48,888 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,253 | 10.8 years |
How to Save on Solar Panels
There are many companies to choose from in Bedford, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Bedford, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bedford?
The average cost of solar panels in Bedford is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Bedford?
Solar panels aren’t free in Bedford, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bedford is currently $370,978, so you can expect a value of about $15,210 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bedford is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.